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Uranium prices have more support now than in 2007 when it hit an all-time high. Demand is increasing, but supply is not keeping up.

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SES AI Shares Resume Trade

SES AI Shares Halted To The Upside; Stock Now Up 119.72%

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WiMi Develops Quantum Random Access Memory (QRAM) Architecture Utilizing Quantum Gates To Enhance Computational Efficiency With Superposition And Entanglement For Quantum Computing Environments

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>HC Wainwright &amp; Co. raised Anavex Life Sciences Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVXL#NASDAQ">AVXL</a>) price target from $40 to $42. HC Wainwright &amp; Co. analyst Raghuram Selvaraju maintained a Buy rating. Anavex Life Sciences shares closed at $10.87 on Tuesday. <a href="https://www.benzinga.com/quote/AVXL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Raymond James raised the price target for Kemper Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMPR#NYSE">KMPR</a>) from $75 to $82. Raymond James analyst C. Gregory Peters maintained a Strong Buy rating. Kemper shares closed at $65.25 on Tuesday. <a href="https://www.benzinga.com/quote/KMPR/analyst-ratings">See </a><a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">how other analysts view this stock.</a></li>
<li>Needham boosted the price target for ACV Auctions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACVA#NASDAQ">ACVA</a>) from $26 to $28. Needham analyst Chris Pierce maintained a Buy rating. ACV Auctions shares closed at $21.67 on Tuesday. <a href="https://www.benzinga.com/quote/ACVA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. cut the price target for PolyPid Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPD#NASDAQ">PYPD</a>) from $14 to $11. HC Wainwright &amp; Co. analyst Raghuram Selvaraju maintained a Buy rating. PolyPid shares closed at $2.97 on Tuesday. <a href="https://www.benzinga.com/quote/PYPD/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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<li><a href="https://www.benzinga.com/24/12/42669200/wall-streets-most-accurate-analysts-give-their-take-on-3-utilities-stocks-with-over-4-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Utilities Stocks With Over 4% Dividend Yields</a></li>
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Analyst Ratings

ACVA

AVXL

KMPR

PYPD

Kemper To Rally More Than 25%? Here Are 4 Top Analyst Forecasts For Thursday

In the current market session, Academy Sports Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASO#NASDAQ">ASO</a>) share price is at $56.61, after a 2.74% drop. Over the past month, the stock increased by 20.93%, but over the past year, it actually decreased by 9.76%. With good short-term performance like this, and questionable long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio.

<img src="https://www.benzinga.com/files/images/story/2024/1735227018_0.png" alt="Past Year Chart" />

<h3>How Does Academy Sports P/E Compare to Other Companies?</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of the 19.34 in the Specialty Retail industry, Academy Sports Inc. has a lower P/E ratio of 9.62. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1735227018_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

A Look Into Academy Sports Inc's Price Over Earnings

In the footsteps of tech titans like Elon Musk and Jeff Bezos, real estate mogul Grant Cardone is making waves in Florida.
<a href="https://www.benzinga.com/real-estate/24/05/38921483/grant-cardone-hunts-for-multifamily-deals-in-sun-belt-as-market-struggles-with-declining-rents">Cardone has launched a groundbreaking investment fund</a> that merges real estate and cryptocurrency, according to Realtor.com. He believes the innovative approach can stabilize the volatile crypto market by balancing Bitcoin investments with the steady cash flow generated from a portfolio of 300 residential properties.
The ambitious fund seeks to raise $87.5 million, with a minimum investment of $250,000 per investor.
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</ul>
"I make the purchase with my money and I pay cash for the real estate and the Bitcoin at purchase," Cardone told Realtor.com. "Then I offer it to my audience of investors and partners at the same price I purchased it. We have no debt."
For the next 48 months, the cash flow generated from the real estate portfolio will be systematically reinvested to purchase an additional $14 million worth of Bitcoin. The reinvestment strategy is expected to yield significant returns. Cardone claims historical performance suggests Bitcoin could appreciate to about $30 million over four years.
"This takes the volatility out of the Bitcoin because the real estate is cash flowing every month," Cardone said.
At the end of 48 months, the Bitcoin acquired through cash flow reinvestment will be liquidated. Investors will receive their initial capital back while retaining ownership of both the real estate and their original Bitcoin investment.
See Also: CEO of Integris gathered a team of senior investment managers who have $34.22 billion in combined owned and managed assets in the West Coast —<a href="https://www.benzinga.com/money/integris"> here&#8217;s how to invest in their private credit fund that targets 12% annual interest rate.</a>
The innovative approach, combining the traditionally stable real estate market with the often unpredictable cryptocurrency market, raises questions about its feasibility: Can this unconventional strategy truly yield the desired results?
Yoann Dorat, a real estate agent at One Sotheby's International Realty in West Palm Beach, Florida, believes it may work.
"It's an interesting concept, like mixing two different worlds: one that's known for steady appreciation and reliable returns and another that's, well, the Wild West," Dorat said. "If you're comfortable with both real estate fundamentals and the roller-coaster nature of crypto, it might be worth exploring."
Cardone emphasizes the <a href="https://www.benzinga.com/real-estate/24/06/39318291/grant-cardone-claims-california-lost-1-billion-after-his-2012-exodus-to-florida">significant returns</a> he has achieved with his Bitcoin investment. In 2013, he received 100 Bitcoin for a speaking engagement in Las Vegas, a relatively small sum then valued at about $500. Today, that investment has yielded a remarkable return, with the current value of those Bitcoins estimated at around $10 million.
"I didn't even know what Bitcoin was, but I was like, ‘Let's do it,'" he said.
Trending: Commercial real estate has historically outperformed the stock market, and<a href="https://equitymultiple.com/benzinga?invite=benzinga&amp;utm_campaign=product-promotion-earn&amp;utm_source=yahooFinance&amp;utm_medium=affiliate&amp;utm_content=stockmarket-yahoo"> this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!</a>
<h2 class="wp-block-heading">Cardone's Bitcoin Real Estate Fund Targets Space Coast&nbsp;</h2>
Cardone's Bitcoin real estate fund will focus on properties along Florida's Space Coast, a region renowned for its proximity to the Kennedy Space Center and Cape Canaveral.
The 72-mile stretch of coastline encompasses communities like Cocoa Beach, Melbourne and Titusville, offering a diverse range of housing options from $99,000 starter homes to luxury properties exceeding $6 million.
Cardone acknowledges that Musk&#8217;s SpaceX presence was a significant factor in his decision to invest in the region.
"I love Elon," said Cardone, whose investment firm owns about 10,000 units in Florida. "In one of our apartment buildings, where the average rent is $1,859 monthly, you can watch rockets from your patio."
Blue Origin, the private space company founded by Bezos, has invested over $1 billion in the Space Coast, enhancing the region's appeal to investors and homebuyers.
Trending: The<a href="https://www.benzinga.com/go/equitymultiple-yf"> Ascent Income Fund</a> from EquityMultiple targets stable income from senior commercial real estate debt positions and has a historical distribution yield of 12.1% backed by real assets.<a href="https://www.benzinga.com/go/equitymultiple-yf"> Earn a 1% return boost on your first EquityMultiple investment when you sign up here (accredited investors only)</a>.
Cardone's real estate fund is likely to appeal to two main audiences:
&nbsp; Traditional real estate investors unfamiliar with decentralized finance (DeFi): These investors may be interested in the fund to gain exposure to cryptocurrency without having to directly invest in Bitcoin or other digital assets.
&nbsp; Crypto enthusiasts who are interested in using their cryptocurrency holdings to invest in real estate: These investors are unlikely to be interested in the fund's current structure, which involves converting Bitcoin into cash to purchase real estate. They would likely prefer to be able to use Bitcoin directly to purchase property or obtain crypto mortgages.
"As more investment models incorporate Bitcoin with traditional assets, adoption is likely to grow across diverse investor profiles," said Ronen Cojocaru, CEO of 8081.io, a web 3.0 fintech digital asset trading company.
Cardone's Bitcoin real estate fund is limited to accredited investors with a net worth of at least $1 million or an annual income exceeding $200,000 for the past two years.
However, Cardone aims to change this Securities and Exchange Commission (SEC) requirement, advocating for equal investment opportunities for accredited and nonaccredited investors. He believes that people with smaller amounts, like $5,000, should have the same access and argues the SEC shouldn't dictate investment decisions.
Cardone plans to launch 12 similar funds by April.
Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today.<a href="https://smartasset.com/retirement/find-a-financial-planner?utm_source=benzinga&amp;utm_campaign=ben&amp;utm_content=y2_5MilNestEgg"> SmartAsset&#8217;s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost</a> to decide which one is right for you.
<h2 class="wp-block-heading">Looking For Higher-Yield Opportunities In A Shifting Market?</h2>
The changing interest rate environment has created an incredible opportunity for income-seeking investors to earn massive yields, but not through dividend stocks… Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities and Benzinga has identified <a href="https://www.benzinga.com/money/benzingas-favorite-high-yield-investments">some of the most attractive options for you to consider</a>.&nbsp;
For instance, the <a href="https://www.benzinga.com/go/equitymultiple-yf">Ascent Income Fund</a> from EquityMultiple targets stable income from senior commercial real estate debt positions and has a historical distribution yield of 12.1% backed by real assets. With payment priority and flexible liquidity options, the Ascent Income Fund is a cornerstone investment vehicle for income-focused investors. First-time investors with EquityMultiple can now invest in the Ascent Income Fund with a reduced minimum of just $5,000. <a href="https://www.benzinga.com/go/equitymultiple-yf">Benzinga Readers: Earn a 1% return boost on your first EquityMultiple investment when you sign up here (accredited investors only)</a>.
Don't miss out on this opportunity to take advantage of high-yield investments while rates are high. <a href="https://www.benzinga.com/money/benzingas-favorite-high-yield-investments">Check out Benzinga's favorite high-yield offerings.</a>&nbsp;

Grant Cardone Launches New Fund – 'It's Like Mixing Two Different Worlds'

A plane <a href="https://www.benzinga.com/topic/kazakhstan">crash in Kazakhstan</a> has prompted Azerbaijan to mourn the loss of 38 lives on Thursday while questions swirl around the cause.
What Happened: The Azerbaijan Airlines Embraer 190, en route from Baku to Grozny, Russia, diverted due to adverse weather conditions and crashed near Aktau, Kazakhstan, approximately 3 kilometers from the airport on Wednesday, according to The Associated Press. The AP <a href="https://apnews.com/article/azerbaijan-airliner-crash-aktau-kazakstan-embraer-872800d95273ee96e0950192a32e5228">reports </a>that speculation has risen about the circumstances leading to the crash, which injured all 29 survivors.
Initial reports indicate a bird strike forced the pilots to change course. Theories also emerged that the aircraft may have been unintentionally targeted by Russian air defense systems amid ongoing drone attacks in the North Caucasus.
Osprey Flight Solutions, a United Kingdom-based aviation security firm, suggested this incident could reflect broader risks tied to Russia's heightened military activity during its conflict with Ukraine, according to the AP. &#8220;It's painful to know that despite our efforts, lives were lost in a way that could have been avoided,&#8221; Osprey CEO Andrew Nicholson wrote.
The crash has left Azerbaijan and neighboring nations grieving. Flags across Azerbaijan were lowered, and a moment of silence was observed nationwide. Survivors included citizens of Azerbaijan, Russia, Kazakhstan, and Kyrgyzstan, with nine Russian nationals flown to Moscow for medical treatment. 
Kazakhstan's parliamentary speaker cautioned against premature conclusions, emphasizing the need for a thorough investigation.
Also Read: <a href="https://www.benzinga.com/24/12/42356227/spacexs-22488-satellite-expansion-challenged-over-elon-musks-russian-connections-and-environmental-risks">SpaceX&#8217;s Satellite Expansion Challenged: Ukrainian-Americans Allege Elon Musk&#8217;s Russian Ties And Environmental Risks In FCC Petition</a>
Why It Matters: The tragedy underscores the volatile environment surrounding Russia's military operations. While Kremlin spokesperson Dmitry Peskov urged restraint in speculation, recent drone attacks in the region have intensified scrutiny.
The AP reports that Ukrainian drone attacks in the North Caucasus and unverified claims of another on Wednesday have fueled speculation that Russian air defenses may have mistakenly targeted the plane.
In related geopolitical developments, Russian President Vladimir Putin signaled <a href="https://www.benzinga.com/24/12/42575876/russian-president-says-hes-willing-to-meet-trump-at-any-time-for-dialogue">openness to dialogue</a> with President-elect Donald Trump, potentially setting the stage for discussions that might address broader regional instability. 
Trump, who assumes office in January, has expressed a desire to mediate the Russia-Ukraine conflict. Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-12-19/putin-says-he-s-ready-to-meet-trump-hasn-t-seen-syria-s-assad">reports </a>that Putin is prepared for talks "at any time" to resolve pressing issues.
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</ul>
Photo: EvrenKalinbacak/Shutterstock.com.

Global

Azerbaijan Airliner Crash Kills 38: Weather, Russia Under Scrutiny

U.S. stocks were lower, with the Dow Jones index falling around 100 points on Thursday.
Shares of Toyota Motor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) rose sharply during Thursday's session following a recent report suggesting the company is seeking a 20% return-on-equity target. The stock may also be reacting to the <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42685044/toyota-motor-stock-is-trading-higher-thursday-whats-driving-the-action">Nissan-Honda merger agreement.</a>
Toyota Motor shares jumped 7.7% to $195.36 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Exodus Movement, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXOD#NYSE">EXOD</a>) shares jumped 43.3% to $61.98.</li>
<li>SEALSQ Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) shares surged 38% to $7.53. On Thursday, SEALSQ announced the launch of SEALQUANTUM.com Lab, a research hub designed to help businesses transition to quantum-safe encryption.</li>
<li>KULR Technology Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KULR#NASDAQ">KULR</a>) gained 24.6% to $4.2700. On Thursday, KULR Technology Group announced that it has completed the purchase of 217.18 Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) for approximately $21 million, at an average price of $96,556.53 per BTC.</li>
<li>Gevo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEVO#NASDAQ">GEVO</a>) rose 23.1% to $1.86.</li>
<li>Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) gained 23.1% to $15.61.</li>
<li>POET Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POET#NASDAQ">POET</a>) jumped 19.8% to $6.90. POET Technologies recently announced a manufacturing agreement with Globetronics and provided an update on its joint venture with Super Photonics Xiamen.</li>
<li>Red Cat Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>) gained 17.7% to $14.00.</li>
<li>Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) jumped 14.5% to $13.06.</li>
<li>D-Wave Quantum Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NASDAQ">QBTS</a>) rose 9.2% to $8.68.</li>
<li>Kingsoft Cloud Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) gained 8.4% to $9.66.</li>
<li>Peloton Interactive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>) rose 5.7% to $9.90.</li>
</ul>
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Movers

$BTC

EXOD

GEVO

KULR

LAES

POET

PTON

QBTS

RCAT

RGTI

Toyota Motor, SEALSQ, KULR Technology And Other Big Stocks Moving Higher On Thursday

Meta Platforms, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) has reportedly agreed to pay $1 million and implement significant reforms in its advertising system in Israel following a settlement filed in the District Labor Court.
The settlement addresses allegations of discriminatory job advertising practices on its platform, which allowed employers to restrict job ads based on age and gender, Globes <a target="_blank" href="https://en.globes.co.il/en/article-meta-to-pay-$1m-to-settle-job-ads-discrimination-suit-1001497837#:~:text=Meta%20(formerly%20Facebook)%20will%20pay,in%20the%20District%20Labor%20Court." rel="noreferrer noopener">reports</a>.
The case began in September 2021 when Ya'ala Lev, a 54-year-old marketing professional, discovered she was excluded from many job ads on Facebook.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42537434/meta-fined-264-million-over-2018-facebook-data-breach-in-europe" rel="noreferrer noopener">Meta Fined $264 Million By EU Watchdog Over 2018 Facebook Data Breach</a>
An investigation revealed that Facebook's campaign management system enabled employers to narrowly target candidates by age, gender, and location, leaving entire groups, particularly those over 40, unseen by these ads.
High-profile employers, including Israel Electric Corporation and the Bank of Israel, were found using the platform exclusively to target younger candidates. The Equal Employment Opportunity Commission intervened, citing the matter as critical to employment equality with significant societal implications.
Under the settlement, Meta will pay $1 million to the Israeli Ministry of Justice's class actions fund and enforce critical changes to its advertising system in Israel, per the report. Advertisers in the country must reconfirm their adherence to anti-discrimination policies. Additionally, Meta will publish guidelines in Hebrew detailing how to post inclusive job ads and emphasizing the legal obligation to ensure equal access for all candidates.
Meta held $70.9 billion in cash and equivalents as of <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41637326/meta-platforms-q3-earnings-revenue-beat-eps-beat-daily-actives-up-5-strong-momentum-in-ai" rel="noreferrer noopener">September 30, 2024</a>.
The Facebook parent remains embroiled in several antitrust lawsuits for allegedly exploiting its influence to stifle competition. In November, the European Commission <a target="_blank" href="https://www.benzinga.com/government/regulations/24/11/41981957/meta-hit-with-841-million-eu-fine-over-antitrust-violations-tied-to-facebook-marketplace" rel="noreferrer noopener">fined the company</a> $841 million for linking its classified ads service, Facebook Marketplace, with its social media network, Facebook.
In March, <a target="_blank" href="https://www.benzinga.com/general/24/03/37461950/mark-zuckerberg-called-out-for-illegal-practices-and-surveillance-based-ads-as-social-media-sees-con" rel="noreferrer noopener">European consumer organizations</a> called out Meta for its surveillance-based advertising system, violating user privacy and data protection laws.
Price Action: META stock is down 0.91% at $602.25 at last check Thursday.
Also Read:
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<li><a href="https://www.benzinga.com/24/12/42668021/lockheed-martin-secures-337-billion-f-35-contract-and-more" target="_blank" rel="noreferrer noopener">Lockheed Martin Secures $3.37 Billion F-35 Contract And More</a></li>
</ul>
Image via Shutterstock.

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Meta Settles Israeli Job Ad Discrimination Case For $1 Million: Report

High-rolling investors have positioned themselves bearish on Red Cat Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in RCAT often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 12 options trades for Red Cat Hldgs. This is not a typical pattern.
The sentiment among these major traders is split, with 33% bullish and 66% bearish. Among all the options we identified, there was one put, amounting to $35,000, and 11 calls, totaling $1,227,792.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $7.0 to $15.0 for Red Cat Hldgs over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Red Cat Hldgs stands at 2260.9, with a total volume reaching 6,739.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Red Cat Hldgs, situated within the strike price corridor from $7.0 to $15.0, throughout the last 30 days.
<h3>Red Cat Hldgs 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735226135_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RCAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$7.2</td>
<td>$6.7</td>
<td>$6.9</td>
<td>$11.00</td>
<td>$391.2K</td>
<td>1.0K</td>
<td align="right">585</td>
</tr>
<tr>
<td>RCAT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$7.4</td>
<td>$6.9</td>
<td>$6.98</td>
<td>$7.00</td>
<td>$174.8K</td>
<td>5.2K</td>
<td align="right">266</td>
</tr>
<tr>
<td>RCAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$7.1</td>
<td>$6.9</td>
<td>$6.9</td>
<td>$7.00</td>
<td>$171.8K</td>
<td>5.2K</td>
<td align="right">519</td>
</tr>
<tr>
<td>RCAT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$5.2</td>
<td>$4.9</td>
<td>$4.9</td>
<td>$13.00</td>
<td>$112.7K</td>
<td>1.3K</td>
<td align="right">302</td>
</tr>
<tr>
<td>RCAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$6.1</td>
<td>$6.0</td>
<td>$6.1</td>
<td>$15.00</td>
<td>$108.5K</td>
<td>499</td>
<td align="right">179</td>
</tr>
</tbody>
</table>

<h3>About Red Cat Hldgs</h3>
Red Cat Holdings Inc is a military technology company that integrates robotic hardware and software to provide critical situational awareness and actionable intelligence to on-the-ground warfighters and battlefield commanders. Its mission is to enhance the effectiveness and safety of military operations domestically and globally. Red Cat's suite of solutions includes Teal Drones, developer of the Golden Eagle, a small unmanned system with the highest resolution imaging for night-time operations, and Skypersonic, a provider of unmanned aircraft for interior spaces and other dangerous environments.
In light of the recent options history for Red Cat Hldgs, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Red Cat Hldgs</h3>
<ul>
<li>With a volume of 4,545,437, the price of RCAT is up 14.38% at $13.6. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 81 days.</li>
</ul>
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Red Cat Hldgs, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Looking At Red Cat Hldgs's Recent Unusual Options Activity

Deep-pocketed investors have adopted a bearish approach towards Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AAPL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 60 extraordinary options activities for Apple. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 43% leaning bullish and 45% bearish. Among these notable options, 5 are puts, totaling $185,239, and 55 are calls, amounting to $4,248,816.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $175.0 to $300.0 for Apple during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Apple's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Apple's substantial trades, within a strike price spectrum from $175.0 to $300.0 over the preceding 30 days.
<h3>Apple Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735226130_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$15.3</td>
<td>$15.1</td>
<td>$15.23</td>
<td>$245.00</td>
<td>$511.0K</td>
<td>29.4K</td>
<td>823</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$15.4</td>
<td>$15.35</td>
<td>$15.35</td>
<td>$270.00</td>
<td>$368.4K</td>
<td>2.3K</td>
<td>1.5K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$8.05</td>
<td>$7.95</td>
<td>$8.0</td>
<td>$255.00</td>
<td>$203.2K</td>
<td>70.4K</td>
<td>592</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$15.4</td>
<td>$15.35</td>
<td>$15.35</td>
<td>$270.00</td>
<td>$184.2K</td>
<td>2.3K</td>
<td>1.6K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/27/24</td>
<td>$1.12</td>
<td>$1.11</td>
<td>$1.11</td>
<td>$260.00</td>
<td>$166.3K</td>
<td>22.4K</td>
<td>12.0K</td>
</tr>
</tbody>
</table>

<h3>About Apple</h3>
Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone makes up a majority of the firm sales, and Apple's other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.
<h3>Where Is Apple Standing Right Now?</h3>
<ul>
<li>With a volume of 5,776,454, the price of AAPL is up 0.22% at $258.78. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 35 days.</li>
</ul>
<h3>What The Experts Say On Apple</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $277.6666666666667.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $260. 
&#x2A; An analyst from Morgan Stanley downgraded its action to Overweight with a price target of $273. 
&#x2A; Reflecting concerns, an analyst from Wedbush lowers its rating to Outperform with a new price target of $300.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Apple options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

AAPL

Check Out What Whales Are Doing With AAPL

Investors with a lot of money to spend have taken a bullish stance on Astera Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ALAB, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 9 uncommon options trades for Astera Labs.
This isn't normal.
The overall sentiment of these big-money traders is split between 55% bullish and 22%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $112,325, and 6 are calls, for a total amount of $471,404.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $90.0 to $180.0 for Astera Labs over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Astera Labs's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Astera Labs's substantial trades, within a strike price spectrum from $90.0 to $180.0 over the preceding 30 days.
<h3>Astera Labs Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735226125_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ALAB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$22.7</td>
<td>$22.2</td>
<td>$22.7</td>
<td>$125.00</td>
<td>$228.0K</td>
<td>2.3K</td>
<td align="right">162</td>
</tr>
<tr>
<td>ALAB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$22.5</td>
<td>$21.7</td>
<td>$22.5</td>
<td>$125.00</td>
<td>$118.5K</td>
<td>2.3K</td>
<td align="right">61</td>
</tr>
<tr>
<td>ALAB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$8.2</td>
<td>$7.5</td>
<td>$7.75</td>
<td>$140.00</td>
<td>$38.8K</td>
<td>123</td>
<td align="right">62</td>
</tr>
<tr>
<td>ALAB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$7.7</td>
<td>$7.0</td>
<td>$7.56</td>
<td>$140.00</td>
<td>$37.2K</td>
<td>123</td>
<td align="right">112</td>
</tr>
<tr>
<td>ALAB</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$36.8</td>
<td>$35.8</td>
<td>$36.21</td>
<td>$180.00</td>
<td>$36.2K</td>
<td>47</td>
<td align="right">30</td>
</tr>
</tbody>
</table>

<h3>About Astera Labs</h3>
Astera Labs Inc is a company that offers an Intelligent Connectivity Platform, comprised of Semiconductor-based, high-speed mixed-signal connectivity products that integrate a matrix of microcontrollers and sensors. COSMOS, their software suite which is embedded in its connectivity products and integrated into their customers' systems. The Company delivers critical connectivity performance, enables flexibility and customization, and supports observability and predictive analytics. This approach addresses the data, network, and memory bottlenecks, scalability, and other infrastructure requirements of hyperscalers and system original equipment manufacturers.
After a thorough review of the options trading surrounding Astera Labs, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Astera Labs</h3>
<ul>
<li>With a trading volume of 839,860, the price of ALAB is up by 1.73%, reaching $144.04.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 88 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Astera Labs</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $142.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Morgan Stanley has decided to maintain their Overweight rating on Astera Labs, which currently sits at a price target of $142. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Astera Labs with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

ALAB

Astera Labs Unusual Options Activity For December 26

– The Information
<a href="https://www.theinformation.com/articles/microsoft-and-openai-wrangle-over-terms-of-their-blockbuster-partnership" title="https://www.theinformation.com/articles/microsoft-and-openai-wrangle-over-terms-of-their-blockbuster-partnership">https://www.theinformation.com/articles/microsoft-and-openai-wrangle-over-terms-of-their-blockbuster-partnership</a>
&nbsp;
&nbsp;
&nbsp;

MSFT

OpenAI And Microsoft Negotiating Changes Since October Amid Friction Over Cloud Computing Deal, Microsoft's Equity Stake, 20% Revenue Share, And Partnership Terms

WIIM

SEALSQ shares are trading higher after the company announced the launch of SEALQUANTUM.com Lab.

On Thursday, SEALSQ Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) announced the launch of SEALQUANTUM.com Lab, a research hub designed to help businesses transition to<a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/g42684171/sealsq-expands-r-d-with-sealquantum-com-lab-to-pioneer-quantum-safe-encryption-and-post-quantum-re" rel="noreferrer noopener"> quantum-safe encryption.</a>
This initiative addresses the growing cybersecurity challenges posed by emerging quantum technologies, as traditional encryption methods become increasingly vulnerable to quantum computing advances.
The SEALQUANTUM.com Lab aims to equip industries with the tools, knowledge, and resources needed to adopt secure communication practices in a quantum-dominated future.
The lab supports the research and development of quantum-resistant technologies, leveraging quantum mechanical and photonic processes to ensure industries stay ahead in a rapidly evolving technological landscape.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/12/42638753/quantum-computing-the-new-ai-a-look-at-the-rapidly-expanding-market-and-top-stocks-for-2025" rel="noreferrer noopener">Quantum Computing: The New AI? A Look at the Rapidly Expanding Market and Top Stocks For 2025</a>
Carlos Moreira, CEO of SEALSQ, emphasized the lab&#8217;s role in future-proofing client security.
The lab offers businesses access to quantum cryptography expertise, actionable tools, and resources.
Additionally, the lab fosters partnerships with top universities, such as École de Mines in France, to accelerate advancements in quantum-safe cryptography.
The SEALQUANTUM.com Lab is part of SEALSQ&#8217;s broader portfolio of quantum-safe innovations, including Post-Quantum Cryptographic algorithms and Post Quantum Chips.
These solutions, developed with leading institutions, are aimed at sectors like IoT, healthcare, logistics, and government, ensuring secure transitions to a post-quantum era.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, LAES stock has gained over 508% in the past year.
Price Action: LAES shares are trading higher by 24.2% to $6.80 at last check Thursday.
Also Read:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/12/42380768/quantum-computing-stocks-roundup-d-wave-rigetti-ionq-lead-the-charge-with-explosive-growth" target="_blank" rel="noreferrer noopener">Quantum Computing Stocks Roundup: D-Wave, Rigetti, IonQ Lead the Charge With Explosive Growth</a></li>
</ul>
Image via Shutterstock.

General

SEALSQ Launches SEALQUANTUM.com Lab To Help Businesses Transition To Quantum-Safe Encryption

U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 100 points on Thursday.
The Dow traded down 0.40% to 43,125.19 while the NASDAQ fell 0.68% to 19,893.96. The S&amp;P 500 also fell, dropping, 0.53% to 6,008.30.
Check This Out: <a href="https://www.benzinga.com/24/12/42669200/wall-streets-most-accurate-analysts-give-their-take-on-3-utilities-stocks-with-over-4-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Utilities Stocks With Over 4% Dividend Yields</a>
Leading and Lagging Sectors Health care shares fell by just 0.1% on Thursday.
In trading on Thursday, consumer discretionary shares dipped by 0.8%.
Top Headline
U.S. initial jobless claims fell by 1,000 from the previous week to a reading of 219,000 during the second week of December, compared to market estimates of 224,000.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Millennium Group International Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGIH#NASDAQ">MGIH</a>) shares shot up 222% to $4.9389.</li>
<li>Shares of SciSparc Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRC#NASDAQ">SPRC</a>)got a boost, surging 180% to $0.6189 after the company announced it received its first shipment of vehicles manufactured by Anhui Jianghuai Automobile Group.</li>
<li>Zoomcar Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) shares were also up, gaining 91% to $2.7300 after it reported a 43% year-on-year increase in November bookings.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Neuphoria Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEUP#NASDAQ">NEUP</a>) shares dropped 38% to $4.0814.</li>
<li>Shares of Baosheng Media Group Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAOS#NASDAQ">BAOS</a>) were down 33% to $4.7500.</li>
<li>SaverOne 2014 Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVRE#NASDAQ">SVRE</a>) was down, falling 30% to $1.0505.</li>
</ul>
Commodities In commodity news, oil traded up 0.8% to $70.63 while gold traded up 0.3% at $2,643.90.
Silver traded up 0.2% to $30.355 on Thursday, while copper rose 0.5% to $4.1300.
Euro zone
In Europe, markets in Germany, France, London, Spain and Switzerland are closed for the Boxing Day holiday.
Asia Pacific Markets
Asian markets closed mostly higher on Thursday, with Japan's Nikkei 225 gaining 1.12%, China's Shanghai Composite Index gaining 0.14% and India's BSE Sensex falling 0.01%.
Economics
U.S. initial jobless claims fell by 1,000 from the previous week to a reading of 219,000 during the second week of December, compared to market estimates of 224,000.
Now Read This: 
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<li><a href="https://www.benzinga.com/24/12/42684254/top-3-utilities-stocks-youll-regret-missing-in-december">Top 3 Utilities Stocks You&#8217;ll Regret Missing In December</a></li>
</ul>

Eurozone

BAOS

MGIH

NEUP

SPRC

SVRE

ZCAR

Nasdaq Dips Over 100 Points, US Initial Jobless Claims Fall

On Thursday, KULR Technology Group, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KULR#NYSE">KULR</a>) announced that it has completed the purchase of 217.18 Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) for approximately $21 million, at an average price of $96,556.53 per BTC.
The purchase follows the company&#8217;s announcement on December 4 of its Bitcoin Treasury strategy, which announced allocating up to 90% of its surplus cash to BTC.
The $21 million BTC purchased since the announcement is the first of ongoing purchases the company intends to make going forward.
Also Read: <a target="_blank" href="https://www.benzinga.com/media/24/12/42681123/ai-smartphones-to-cushion-semiconductor-industry-amid-data-center-uncertainty-report" rel="noreferrer noopener">AI Smartphones To Cushion Semiconductor Industry Amid Data Center Uncertainty: Report</a>
KULR Technology Group selected Coinbase&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) Prime platform to provide custody, USDC, and self-custodial wallet services for its BTC.
On December 19, KULR Technology Group regained compliance with NYSE American&#8217;s <a href="https://www.benzinga.com/analyst-ratings/upgrades/24/12/42598281/kulr-technology-group-stock-is-rising-today-whats-going-on" target="_blank" rel="noreferrer noopener">stockholder equity norms</a>. The company had been cited for non-compliance with specific equity standards outlined in a December 20, 2023, letter from NYSE American. 
This compliance milestone has boosted investor confidence, driving KULR&#8217;s stock up more than 90% over the past five trading sessions.
Benchmark analyst Michael Legg upgraded KULR Technology Group from <a href="https://www.benzinga.com/quote/KULR/analyst-ratings" target="_blank" rel="noreferrer noopener">a Speculative Buy rating</a> to a Buy rating and raised the price target from $1 to $5.
Price Action: KULR stock is up 26.60% at $4.33 at the last check on Thursday.
Also Read:
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<li><a href="https://www.benzinga.com/media/24/12/42672120/british-airways-parent-targets-advanced-wi-fi-options-with-musks-starlink-and-amazons-kuiper" target="_blank" rel="noreferrer noopener">British Airways Parent Targets Advanced Wi-Fi Options with Musk&#8217;s Starlink and Amazon&#8217;s Kuiper</a></li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

COIN

KULR Invests $21 Million in Bitcoin as Part of Treasury Strategy

Crypto
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42682141/dogecoin-price-down-4-what-is-going-on">Dogecoin Price Down 4%: What Is Going On?</a></li>
<li><a href="https://www.benzinga.com/24/12/42680005/dogecoin-shiba-inu-or-pepe-which-were-the-top-performing-meme-coins-in-2024-the-answer-might-surprise-you">Dogecoin, Shiba Inu, Or Pepe? Which Was The Top-Performing Meme Coin In 2024? The Answer Might Surprise You</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42679909/bitcoin-hedge-funds-get-green-light-in-israel-6-investment-houses-ready-to-launch-before-new-year">Bitcoin Hedge Funds Get Green Light In Israel: 6 Investment Houses Ready To Launch Before New Year</a></li>
<li><a href="https://www.benzinga.com/24/12/42679707/bitcoin-ethereum-gain-dogecoin-slips-as-sentiment-turns-positive-on-christmas-analyst-throws-reality-check-for-overexcited-participants">Bitcoin, Ethereum Rise, Dogecoin Slides Amid Positive Christmas Sentiment: Analyst Cautions $110K Target For BTC Possible Only When&#8230;</a></li>
</ul>
US Markets­­­­­­­­
<ul>
<li><a href="https://www.benzinga.com/24/12/42681352/us-futures-tumble-after-christmas-break-but-analysts-still-expect-a-santa-claus-rally">US Stocks Likely To Open In Red After Christmas Break But Analysts Still Expect A Santa Rally Into The New Year</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42680825/sp-500-surges-over-1-as-santa-rally-kicks-off-tesla-nvidia-gain-greed-index-remains-in-fear-zone">S&amp;P 500 Surges Over 1% As Santa Rally Kicks Off, Tesla, Nvidia Gain: Greed Index Remains In &#8216;Fear&#8217; Zone</a></li>
</ul>
US Politics
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<li><a href="https://www.benzinga.com/real-estate/24/12/42681769/84-counties-that-flipped-to-trump-could-see-home-prices-rise-faster">84 Counties That Flipped To Trump Could See Home Prices Rise Faster</a></li>
</ul>
World Politics
<ul>
<li><a href="https://www.benzinga.com/24/12/42679787/hardline-iran-turning-soft-reformist-government-lifts-whatsapp-google-play-ban-promises-this-path-will-continue">Iran Turning Soft? Reformist Government Lifts WhatsApp, Google Play Ban — Promises &#8216;This Path Will Continue&#8217;</a></li>
<li><a href="https://www.benzinga.com/24/12/42679581/trump-effect-denmark-boosts-greenlands-defense-budget-amid-president-elects-renewed-acquisition-interest">Trump Effect? Denmark Boosts Greenland&#8217;s Defense Budget Amid President-Elect&#8217;s Renewed Acquisition Interest</a></li>
</ul>
US Economy
<ul>
<li><a href="https://www.benzinga.com/24/12/42679657/el-erian-explains-why-us-economy-is-likely-to-continue-outperforming-other-major-economies-in-2025">El Erian Explains Why US Economy Is &#8216;Likely To Continue Outperforming Other Major Economies In 2025&#8217;</a></li>
</ul>
World Economy
<ul>
<li><a href="https://www.benzinga.com/markets/forex/24/12/42681267/asian-markets-up-europe-closed-dollar-hovers-near-2-year-high-global-markets-today-while-us-slept">Asian Markets Up, Europe Closed; Dollar Hovers Near 2-Year High &#8211; Global Markets Today While US Slept</a></li>
</ul>
Tech
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42681797/should-you-buy-or-sell-this-nvidia-rival-analysts-weigh-in-as-technicals-signal-a-downtrend">Should You Buy or Sell This Nvidia Rival? Analysts Weigh In As Technicals Signal A Downtrend</a></li>
<li><a href="https://www.benzinga.com/24/12/42681649/zoomcar-stock-zooms-over-100-on-booking-surge-and-website-upgrades">Zoomcar Stock Zooms Over 100% On Booking Surge And Website Upgrades: Details</a></li>
<li><a href="https://www.benzinga.com/news/24/12/42681635/nvidia-surpasses-tesla-as-retail-investors-top-pick-in-2024-individual-shareholders-pour-nearly-30b-into-jensen-huangs-ai-giant">Nvidia Surpasses Tesla As Retail Investors&#8217; Top Pick In 2024: Individual Shareholders Pour Nearly $30B Into Jensen Huang&#8217;s AI Giant</a></li>
<li><a href="https://www.benzinga.com/markets/equities/24/12/42681234/microstrategy-stock-tumbles-over-4-in-thursday-premarket-whats-going-on">MicroStrategy Stock Tumbles Over 4% In Thursday Premarket: What&#8217;s Going On?</a></li>
<li><a href="https://www.benzinga.com/media/24/12/42681123/ai-smartphones-to-cushion-semiconductor-industry-amid-data-center-uncertainty-report">AI Smartphones To Cushion Semiconductor Industry Amid Data Center Uncertainty: Report</a></li>
<li><a href="https://www.benzinga.com/news/24/12/42680655/alibaba-nears-4b-e-commerce-merger-with-south-koreas-e-mart-report">Alibaba Nears $4B E-Commerce Merger With South Korea&#8217;s E-Mart: Report</a></li>
<li><a href="https://www.benzinga.com/news/24/12/42680434/stressed-amazon-driver-dumps-80-packages-in-massachusetts-woods-amid-christmas-holiday-rush">Stressed&#8217; Amazon Driver Dumps 80 Packages In Massachusetts Woods Amid Christmas Holiday Rush</a></li>
<li><a href="https://www.benzinga.com/general/market-summary/24/12/42680125/nvda-could-go-up-to-170-in-q1-after-breaching-145-level-as-traders-turn-bullish-on-jensen-huangs-ai-giant">NVDA Could Go Up To $170 In Q1 After Breaching $145 Level As Traders Turn Bullish On Jensen Huang&#8217;s AI Giant</a></li>
<li><a href="https://www.benzinga.com/news/24/12/42680116/trump-linked-phunware-ceo-charts-overseas-plans-as-president-elect-makes-white-house-comeback-doesnt-end-on-election-day">Trump Linked Phunware CEO Charts &#8216;Overseas&#8217; Plans As President Elect Makes White House Comeback: &#8216;Helping Elected Figures… Doesn&#8217;t End On Election Day</a></li>
<li><a href="https://www.benzinga.com/markets/equities/24/12/42678877/ubers-foodpanda-acquisition-blocked-in-taiwan-due-to-competition-concerns">Uber&#8217;s Foodpanda Acquisition Blocked in Taiwan Due to Competition Concerns</a></li>
</ul>
Electric Vehicle
<ul>
<li><a href="https://www.benzinga.com/news/global/24/12/42681583/chinas-ev-industry-likely-to-outpace-us-and-allies-but-elon-musks-tesla-could-still-make-gains">China&#8217;s EV Industry Likely To Outpace US And Allies, But Elon Musk&#8217;s Tesla Could Still Make Gains</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/12/42681555/nio-announces-repurchase-opportunity-for-convertible-senior-notes-due-2027-firefly-app-gains-traction-in-china">NIO Announces Repurchase Opportunity For Convertible Senior Notes Due 2027; Firefly App Gains Traction In China</a></li>
<li><a href="https://www.benzinga.com/tech/24/12/42681165/nios-onvo-brand-helps-spur-delivery-growth-with-cheaper-offering">Nio&#8217;s Onvo Brand Helps Spur Delivery Growth With Cheaper Offering</a></li>
<li><a href="https://www.benzinga.com/government/regulations/24/12/42680844/byd-contractor-denies-allegations-of-slavery-like-working-conditions-at-factory-site-in-brazil">BYD Contractor Denies Allegations Of &#8216;Slavery-Like&#8217; Working Conditions At Factory Site In Brazil</a></li>
<li><a href="https://www.benzinga.com/24/12/42680542/tesla-or-byd-which-ev-giant-will-sell-more-battery-electric-vehicles-in-q4">Tesla Or BYD: Which EV Giant Will Sell More Battery Electric Vehicles In Q4?</a></li>
<li><a href="https://www.benzinga.com/tech/24/12/42680296/godfather-of-evs-warns-against-hybrid-focus-as-china-leads-ev-race-tariffs-just-make-indigenous-industry-lazy">&#8216;Godfather Of EVs&#8217; Warns Against Hybrid Focus As China Leads EV Race: &#8216;Tariffs Just Make Indigenous Industry Lazy&#8217;</a></li>
<li><a href="https://www.benzinga.com/24/12/42680075/tesla-exec-says-we-will-be-ready-to-efficiently-produce-autonomous-vehicles-as-shanghai-megafactory-nears-completion">Tesla Exec Says &#8216;We Will Be Ready&#8217; To Efficiently Produce Autonomous Vehicles As Shanghai Megafactory Nears Completion</a></li>
</ul>
Consumer
<ul>
<li><a href="https://www.benzinga.com/24/12/42680141/toyota-lexus-vehicle-sales-rose-over-4-in-november-in-north-america-thanks-to-black-friday-shoppers">Toyota, Lexus See November Sales Soar Over 4% In North America, Boosted By Black Friday Frenzy</a></li>
</ul>
Communication
<ul>
<li><a href="https://www.benzinga.com/general/social-media/24/12/42680367/tiktok-on-trial-supreme-court-prepares-to-weigh-national-security-risks">TikTok On Trial: Supreme Court Prepares To Weigh National Security Risks</a></li>
<li><a href="https://www.benzinga.com/24/12/42680052/netflix-and-new-year-5-family-friendly-titles-for-the-ultimate-january-1-movie-marathon">Netflix And Chill: Here&#8217;s 5 Family-Friendly Titles Just Right For The Ultimate January 1 Movie Marathon</a></li>
</ul>
Healthcare
<ul>
<li><a href="https://www.benzinga.com/general/health-care/24/12/42682172/why-is-tscan-therapeutics-stock-gaining-today">Why Is TScan Therapeutics Stock Gaining Today?</a></li>
</ul>
Financial
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42681571/mark-cuban-once-preferred-dogecoin-over-bitcoin-for-settling-transactions-heres-how-much-youd-have-today-if-you-put-1000-in-the-memecoin-when-he-made-that-remark">Mark Cuban Once Preferred Dogecoin Over Bitcoin For Settling Transactions: Here&#8217;s How Much You&#8217;d Have Today If You Put $1000 In The Memecoin When He Made That Remark</a></li>
</ul>
General
<ul>
<li><a href="https://www.benzinga.com/24/12/42680592/peter-thiel-once-said-he-would-bet-on-the-reversal-of-silicon-valleys-math-bias-as-ai-continues-to-rise-isnt-that-a-long-overdue-rebalancing-of-our-society">Peter Thiel Once Said He Would Bet On The Reversal Of Silicon Valley&#8217;s Math Bias As AI Continues To Rise: &#8216;Isn&#8217;t That A Long Overdue Rebalancing Of Our Society&#8217;</a></li>
<li><a href="https://www.benzinga.com/24/12/42679687/mcdonalds-evangelion-collaboration-advert-catches-elon-musks-eye-heres-what-the-techno-king-shared">McDonald&#8217;s Evangelion Collaboration Advert Catches Elon Musk&#8217;s Eye. Here&#8217;s What The Techno King Shared</a></li>
</ul>
Photo via Shutterstock

$ETH

Bitcoin, Ethereum Gain, Dogecoin Falls; Zoomcar Soars 100% On Booking Surge; China's EV Industry Outpaces Rivals, Tesla Still Poised For Gains - Top Headlines Today While US Slept

A new Messari report points to potential headwinds from regulatory uncertainty and broader economic vulnerabilities in its 2025 preview for <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42457605/exclusive-experts-share-their-top-crypto-predictions-for-2025">the digital asset sector</a>.
What Happened: The <a href="https://messari.io/report-pdf/a929cd003f5eec790275e05ae8ef28cf4a6b4bfc.pdf">report</a> suggests that positive developments are counterbalanced by persistent risks, calling for a balanced outlook.
In 2024, traditional markets climbed a &#8220;wall of worry,&#8221; driven by a resilient U.S. economy and a shift toward easing monetary policy. 
Despite some volatility related to geopolitical tensions and the yen-carry trade, risk assets generally performed well. 
While the macroeconomic backdrop appears supportive for crypto in 2025, the report cautions that potential disappointments in the Trump presidency could undermine market sentiment.
Positive macro developments notwithstanding, the crypto market faced unique challenges this year.
Headwinds included German government selling, Mt. Gox distributions, a DOJ investigation into Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>), and a hostile regulatory environment marked by SEC lawsuits against major industry players. 
The election of a new administration brought a shift in crypto policy expectations. 
Promises include forming a crypto advisory council, ending the &#8220;unlawful crypto crackdown,&#8221; and supporting Bitcoin mining. 
However, the report emphasizes that while a more favorable regulatory environment is anticipated, lasting clarity is expected to come from Congress rather than the SEC, creating potential risks.
The report indicates that stablecoin legislation is likely in 2025 with a robust state pathway for issuers.
Decentralized stablecoins may still face regulatory disadvantages, with Congress likely to take action to limit the illicit use of mixers while protecting financial privacy.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42667932/did-vladimir-putin-just-ban-bitcoin-mining-in-russia-the-devil-is-in-the-details">Did Vladimir Putin Just Ban Bitcoin Mining In Russia? The Devil Is In The Details</a>
Why It Matters: Institutions are increasing their involvement in crypto through ETF investments, tokenized treasuries and stablecoin initiatives.
Blackrock&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) ETF has shown rapid growth, and traditional firms are launching their own on-chain money market funds. 
The blurring of fintech, payments and crypto is accelerating, with firms like PayPal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NYSE">PYPL</a>) launching stablecoins on multiple chains.
The report emphasizes these developments as evidence of increased institutional confidence and concludes that despite positive shifts in policy and institutional involvement, the crypto industry&#8217;s risk is not insignificant.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42667518/deribit-eyes-growth-in-asset-backed-crypto-with-pax-gold-debut">Deribit Eyes Growth In Asset-Backed Crypto With Pax Gold Debut</a></li>
</ul>
Image: Shutterstock

$USDT

IBIT

PYPL

2025 Crypto Policy Preview Warns: Clarity Will Come From Congress, Not The SEC

In today's rapidly changing and fiercely competitive business landscape, it is vital for investors and industry enthusiasts to carefully evaluate companies. In this article, we will perform a comprehensive industry comparison, evaluating Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) against its key competitors in the Broadline Retail industry. By analyzing important financial metrics, market position, and growth prospects, we aim to provide valuable insights for investors and shed light on company's performance within the industry.
<h3>Amazon.com Background</h3>
Amazon is the leading online retailer and marketplace for third party sellers. Retail related revenue represents approximately 75% of total, followed by Amazon Web Services' cloud computing, storage, database, and other offerings (15%), advertising services (5% to 10%), and other the remainder. International segments constitute 25% to 30% of Amazon's non-AWS sales, led by Germany, the United Kingdom, and Japan.
<table>
<thead>
<tr>
<th>Company</th>
<th>P/E</th>
<th>P/B</th>
<th>P/S</th>
<th>ROE</th>
<th>EBITDA (in billions)</th>
<th>Gross Profit (in billions)</th>
<th>Revenue Growth</th>
</tr>
</thead>
<tbody>
<tr>
<td>Amazon.com Inc</td>
<td>48.94</td>
<td>9.29</td>
<td>3.95</td>
<td>6.19%</td>
<td>$32.08</td>
<td>$31.0</td>
<td>11.04%</td>
</tr>
<tr>
<td>Alibaba Group Holding Ltd</td>
<td>17.73</td>
<td>1.56</td>
<td>1.61</td>
<td>4.64%</td>
<td>$54.02</td>
<td>$92.47</td>
<td>5.21%</td>
</tr>
<tr>
<td>PDD Holdings Inc</td>
<td>9.90</td>
<td>3.63</td>
<td>2.88</td>
<td>9.38%</td>
<td>$29.18</td>
<td>$59.65</td>
<td>44.33%</td>
</tr>
<tr>
<td>MercadoLibre Inc</td>
<td>61.84</td>
<td>22.08</td>
<td>4.83</td>
<td>10.37%</td>
<td>$0.72</td>
<td>$2.44</td>
<td>35.27%</td>
</tr>
<tr>
<td>JD.com Inc</td>
<td>11.82</td>
<td>1.69</td>
<td>0.37</td>
<td>5.22%</td>
<td>$15.92</td>
<td>$45.04</td>
<td>5.12%</td>
</tr>
<tr>
<td>Coupang Inc</td>
<td>40.18</td>
<td>9.82</td>
<td>1.42</td>
<td>1.74%</td>
<td>$0.28</td>
<td>$2.27</td>
<td>27.2%</td>
</tr>
<tr>
<td>eBay Inc</td>
<td>16.07</td>
<td>5.64</td>
<td>3.17</td>
<td>11.59%</td>
<td>$0.95</td>
<td>$1.85</td>
<td>3.04%</td>
</tr>
<tr>
<td>MINISO Group Holding Ltd</td>
<td>25.15</td>
<td>5.94</td>
<td>4.10</td>
<td>6.68%</td>
<td>$0.88</td>
<td>$2.03</td>
<td>19.29%</td>
</tr>
<tr>
<td>Vipshop Holdings Ltd</td>
<td>6.55</td>
<td>1.36</td>
<td>0.49</td>
<td>2.76%</td>
<td>$1.47</td>
<td>$4.96</td>
<td>-9.18%</td>
</tr>
<tr>
<td>Ollie's Bargain Outlet Holdings Inc</td>
<td>35.38</td>
<td>4.50</td>
<td>3.26</td>
<td>2.24%</td>
<td>$0.06</td>
<td>$0.21</td>
<td>7.79%</td>
</tr>
<tr>
<td>Dillard's Inc</td>
<td>11.74</td>
<td>3.69</td>
<td>1.10</td>
<td>6.37%</td>
<td>$0.21</td>
<td>$0.63</td>
<td>-3.53%</td>
</tr>
<tr>
<td>Macy's Inc</td>
<td>27.57</td>
<td>1.13</td>
<td>0.20</td>
<td>0.66%</td>
<td>$0.29</td>
<td>$2.04</td>
<td>-3.79%</td>
</tr>
<tr>
<td>Nordstrom Inc</td>
<td>15.32</td>
<td>4.05</td>
<td>0.27</td>
<td>4.75%</td>
<td>$0.3</td>
<td>$1.31</td>
<td>4.34%</td>
</tr>
<tr>
<td>Savers Value Village Inc</td>
<td>22.28</td>
<td>3.79</td>
<td>1.13</td>
<td>5.09%</td>
<td>$0.07</td>
<td>$0.22</td>
<td>0.53%</td>
</tr>
<tr>
<td>Kohl's Corp</td>
<td>6.48</td>
<td>0.42</td>
<td>0.10</td>
<td>0.58%</td>
<td>$0.28</td>
<td>$1.57</td>
<td>-8.49%</td>
</tr>
<tr>
<td>Groupon Inc</td>
<td>17.54</td>
<td>12.03</td>
<td>0.90</td>
<td>34.72%</td>
<td>$0.03</td>
<td>$0.1</td>
<td>-9.48%</td>
</tr>
<tr>
<td>Hour Loop Inc</td>
<td>88</td>
<td>23.12</td>
<td>1.08</td>
<td>7.3%</td>
<td>$0.0</td>
<td>$0.02</td>
<td>6.6%</td>
</tr>
<tr>
<td>Average</td>
<td>25.85</td>
<td>6.53</td>
<td>1.68</td>
<td>7.13%</td>
<td>$6.54</td>
<td>$13.55</td>
<td>7.77%</td>
</tr>
</tbody>
</table>
<style>
 table {
 width: 100%;
 border-collapse: collapse;
 font-family: Arial, sans-serif;
 font-size: 14px;
 }

 th, td {
 padding: 8px;
 text-align: left;
 }

 th {
 background-color: #293a5a;
 color: #fff;
 text-align: left;
 }

 tr:nth-child(even) {
 background-color: #f2f4f8;
 }

 tr:hover {
 background-color: #e1e4ea;
 }

 td:nth-child(3), td:nth-child(5) {
 text-align: left;
 }

 .dividend-amount {
 font-weight: bold;
 color: #0d6efd;
 }

 .dividend-frequency {
 font-size: 12px;
 color: #6c757d;
 }
 </style>After thoroughly examining Amazon.com, the following trends can be inferred: 
<ul>
<li>
At 48.94, the stock's Price to Earnings ratio significantly exceeds the industry average by 1.89x, suggesting a premium valuation relative to industry peers.
</li>
<li>
The elevated Price to Book ratio of 9.29 relative to the industry average by 1.42x suggests company might be overvalued based on its book value.
</li>
<li>
The Price to Sales ratio of 3.95, which is 2.35x the industry average, suggests the stock could potentially be overvalued in relation to its sales performance compared to its peers.
</li>
<li>
With a Return on Equity (ROE) of 6.19% that is 0.94% below the industry average, it appears that the company exhibits potential inefficiency in utilizing equity to generate profits.
</li>
<li>
The company has higher Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $32.08 Billion, which is 4.91x above the industry average, indicating stronger profitability and robust cash flow generation.
</li>
<li>
Compared to its industry, the company has higher gross profit of $31.0 Billion, which indicates 2.29x above the industry average, indicating stronger profitability and higher earnings from its core operations.
</li>
<li>
With a revenue growth of 11.04%, which surpasses the industry average of 7.77%, the company is demonstrating robust sales expansion and gaining market share.
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735225242_0.png" alt="debt to equity" />
The debt-to-equity (D/E) ratio assesses the extent to which a company relies on borrowed funds compared to its equity.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
When assessing Amazon.com against its top 4 peers using the Debt-to-Equity ratio, the following comparisons can be made:
<ul>
<li>
Amazon.com demonstrates a stronger financial position compared to its top 4 peers in the sector.
</li>
<li>
With a lower debt-to-equity ratio of 0.52, the company relies less on debt financing and maintains a healthier balance between debt and equity, which can be viewed positively by investors.
</li>
</ul>
<h3>Key Takeaways</h3>
For Amazon.com, the PE, PB, and PS ratios are all high compared to its peers in the Broadline Retail industry, indicating that the stock may be overvalued. The low ROE suggests that Amazon.com is not generating strong returns on shareholder equity. However, the high EBITDA, gross profit, and revenue growth show that the company is performing well in terms of operational efficiency and revenue generation within the industry sector.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AMZN

Insights Into Amazon.com's Performance Versus Peers In Broadline Retail Sector

Press Releases

Premier American Uranium Bolsters Its Leadership in the Industry with the Acquisition of American Future Fuel and Welcomes Renowned Uranium Expert Colin Healey as CEO

American Future Fuel Shareholders Approve Arrangement with Premier American Uranium at its Special Meeting

Premier American Uranium and American Future Fuel Announce  Updated Mineral Resource Estimate for the Cebolleta Project, Setting the Stage for Planned Expansion Drilling

Premier American Uranium and American Future Fuel Announce Updated Mineral Resource Estimate for the Cebolleta Project, Setting the Stage for Planned Expansion Drilling

Premier American Uranium Completes Acquisition of American Future Fuel

CSE:AMPS

TSXV:PUR

Uranium prices have more support now than they did when the nuclear fuel hit its all-time high in 2007, according to the chief executive <a href="https://www.benzinga.com/topic/uranium">of uranium explorer</a> Madison Metals Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MMTLF#OTC">MMTLF</a>).



Back then, when uranium reached a record high above $130 per pound, physical supply was tight because of flooding at two major mines, falling recoveries from old nuclear warheads, expectations of a nuclear renaissance and the launch of uranium futures in New York.



But the high price proved to be a bubble, quickly falling as end users stopped buying and financial services companies sold the metal. Later, in 2011, a disaster at a Japanese nuclear reactor sent the uranium market into a deep slump for years as nations shut down nuclear reactors.



The underlying fundamentals are "dramatically different" now, CEO Duane Parnham told Benzinga.



Also Read: <a href="https://www.benzinga.com/markets/commodities/24/04/38187293/uranium-execs-talk-high-prices-tout-projects-as-long-downturn-comes-to-an-end-the-us-governme">Uranium Execs Talk High Prices, Tout Projects As Long Downturn Comes To An End: &#8216;The US Government Will Be Buying&#8217;</a>



The tables have indeed turned. Around 60 reactors are under construction around the world, and an additional 110 are planned, according to the World Nuclear Association. That's in sharp contrast to the 65 reactors that, according to the International Atomic Energy Agency, were shut down or didn't have their life spans extended between 2011 and 2020.



The threat of climate change has helped temper opposition from environmentalists concerned about safety and waste. At the United Nations climate conference last year, 22 nations pledged to triple nuclear generation by 2050 from a 2020 baseline.



The energy transition away from fossil fuels toward net zero emissions though electrification means there will be a much greater need for carbon-free power generation, and wind and solar currently aren't able to meet base load power generation requirements.



"Nuclear really became the solution to that," Parnham said. "It's becoming more accepted."



According to a base case scenario from the World Nuclear Association, global demand from reactors could hit almost 130,000 metric tons by 2040, up substantially from the estimated demand of about 65,650 metric tons this year. But by 2040 supply from existing, prospective or planned mines or those now under development may total less than 80,000 metric tons, the group said.



"We've really got to start developing mines now," Parnham said.



Mine development and exploration has been underfunded because of the longtime slump in uranium prices, which dipped below $20 a pound in 2016.&nbsp;



Meanwhile, uranium purchases from investors and trading firms have become "significant," Parnham said.&nbsp;



On top of utilities buying uranium for reactors and governments making purchases for strategic stockpiles, demand from financial services companies "dries up what little supply is out there," he said.



One of the most prominent examples is the Sprott Physical Uranium Trust (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SRUUF#OTC">SRUUF</a>), which is an exchange traded fund that sells shares backed by physical uranium held in storage. Since its inception in 2021, the fund has amassed nearly 64 million pounds of uranium.



The buying from the financial market creates price volatility because the financial players will "flood the market" when prices start to come down, he said.&nbsp;



There may come a time when so much financial services money is entering the uranium market that governments will have to step in with regulation, but "we're a ways away from that," he said.



In the meantime, the higher uranium price is spurring merger and acquisition activity among uranium miners, as acquisitions offer the quickest way to grow, he said.&nbsp;



Indeed, recent merger and acquisition activity in the uranium space has included Premier American Uranium Inc.&nbsp;(OCT: PAUIF) and American Future Fuel Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AFFCF#OTC">AFFCF</a>); Boss Energy Ltd. (BQSSF) and enCore Energy Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EU#NASDAQ">EU</a>); ATHA Energy Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SASKF#OTC">SASKF</a>) and Latitude Uranium Inc. and 92 Energy; and IsoEnergy Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ISENF#OTC">ISENF</a>) and Consolidated Uranium Inc.



"Pricing does motivate M and A," Parnham said.



Now Read: <a href="https://www.benzinga.com/government/24/03/37680603/ur-energy-to-develop-wyoming-uranium-mine-as-prices-soar-sales-contracts-grow">Ur-Energy To Develop Wyoming Uranium Mine As Prices Soar, Sales Contracts Grow</a>



Photo: Shutterstock

EXCLUSIVE: Why This Uranium Bull Market Is Different — 'We've Really Got To Start Developing Mines,' Says Madison Metals CEO

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